The different types of business organisation may be classified under three headings. This is the simplest and the oldest form of business ownership.
A single person is solely responsible for the success or failure of the business. His ... is unlimited … . adjustment and control are vested in one person. This type of organisation is extremely flexible and capable of quick liability to changes in market conditions. The owner is personally liable for the debts incurred by his firm. All his possessions are at risk. A single person provides the capital, takes the decisions, and assumes the risks.
1. They went to Italy. - Where did they go?
2. My sister stayed in a hotel. - Where did you sister stay?
3. He telephoned yesterday. - When did he telephone?
4. We booked a single room. - What did we book?
5. The train arrived at 5 o'clock. - When did train arrive?
6. She bought flowers. - What did she buy?
7. We ordered a bottle of dry wine. - What did we order?
8. They reserved a table for two. - How many did they reserve?
1. They went to Italy. - They didn't go to Italy.
2. My sister stayed in a hotel. - My sister didn't stay in a hotel.
3. He telephoned yesterday. - He didn't telephone yesterday.
4. We booked a single room. - We didn't book a single room.
5. The train arrive at 5 o'clock. - The train didn't arrive at 5 o'clock.
6. She bought flowers. - She didn't buy flowers.
7. We ordered a bottle of dry wine. - We didn't order a bottle of dry wine.
8. They reserved a table for two. - They didn't reserve a table for two?
The different types of business organisation may be classified under three headings. This is the simplest and the oldest form of business ownership.
A single person is solely responsible for the success or failure of the business. His ... is unlimited … . adjustment and control are vested in one person. This type of organisation is extremely flexible and capable of quick liability to changes in market conditions. The owner is personally liable for the debts incurred by his firm. All his possessions are at risk. A single person provides the capital, takes the decisions, and assumes the risks.
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